Fund transfer

A fund transfer lets you transfer funds between bank accounts. You can distribute funds from one account into one or more different accounts, or you can consolidate funds from several accounts into one account.

You must define a bank transfer table before you can transfer funds between accounts. To transfer funds between bank accounts for different companies, you must create intercompany relationships. You can transfer funds between bank accounts that have different currencies.

After you enter a fund transfer, you must release it to update the bank account balance and make the fund distributions available for posting to the general ledger.